It is therefore extremely important for you to know how to properly evaluate and choose a SAFE 1031 Exchange Qualified Intermediary for your 1031 Exchange transaction.You should always perform a careful and thorough due diligence review before making your final selection.

Do you have the Capacity/Ability to close, do you have the Character/Credit to close (including relevant experience), and do you have the liquidity to properly provide enough collateral (are you injecting enough into the deal).

If I gave oil rights to one entity and mineral rights to another, what would happen if both entities discovered their rightful resource in the same place?  

Meaning once they get properly underwritten they'll be pressing DTI limits.Those two are not going to be reason the pent up demand gets exercised; if rates drop significantly and quickly it's for a net negative reason and likely job loss so those "pre" qualified and approved are likely on shaky grounds and buyer expectation shifts happen to the one's that are extremely well qualified. 

This is a great place to learn and to connect with people so take advantage of all the great resources.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Do you have the professionals you need to start an LLC, do the proper real estate/tax accounting, solid contractors to rehab or prepare the property, and a property manager to handle the day-to-day operations? 

Here are some articles to review in the meantime:1. https://www.padsplit.com/host-resources/news/how-affordable-...2. https://www.padsplit.com/host-resources/news/why-padsplit-is...

You can point them towards resources, but I recommend you stick to your policies (if you have any) regarding late fees and eviction.

Hey BP community, wanted to know if any of you have any good resources that clearly map out laws/stipulations of operating an air bnb out of a property in Westchester, NY?